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SOURCE NanoTech Entertainment
New Video Redemption Product to be Exhibited in Booth 1239 at Las Vegas Show
SAN JOSE, Calif., March 1, 2013 /PRNewswire/ -- NANOTECH GAMING LABS, a division of NANOTECH ENTERTAINMENT (OTCPINK: NTEK) today announced the debut of its first Video Redemption Game, JUMPER will be at the Amusement Expo 2013 in Las Vegas NV. The Amusement Expo will be held from March 20, 2013 to March 22, 2013 at the Las Vegas Convention Center.
Jeffrey A. Foley CEO of NanoTech commented, "We are excited about the roll out of our first Video Redemption Coin-Op machine, Jumper. It is based on our new Video Redemption engine that has been in development for the past couple of years. We have combined that engine with some our proprietary Artificial Intelligence routines that allow for the machines to maximize earnings and replays while maintaining the highest level of enjoyment for the players." Foley continued, "We are looking forward to showing off the machine to Operators and Distributors at the Las Vegas show."
The Amusement Expo is a focal point for the Coin-Op industry - serving as a showcase for the latest new equipment for the trade; providing hands-on information for buyers and sellers of the industry; and acting as the primary face-to-face conduit between trade partners in the coin machine business. Like many industry trade events, the AMOA Expo is the annual business barometer for the marketplace it serves. For those who need to keep abreast of the latest developments or want to maintain valuable contacts with fellow coin machine business men and women, the annually-conducted Expo is the place to be.
Foley closed stating, "Jumper is the first in a line of new Coin-Op video redemption products based on the new NanoTech Gaming Labs 'Ticker' game engine. We have multiple products slated to run on the new platform. Ticker provides a cross platform, low cost deployment for machines while providing state of the art features and performance. The engine runs on a variety of hardware including Intel ATOM based PC boards, Broadcom SOC systems such as the Raspberry Pi, and many other dedicated single board computers. By having a flexible embedded engine, we can not only build exciting new machines, but also offer low cost upgrade kits to operators who wish to upgrade their existing cabinets to a fresh new game. We have conservatively forecasted our Ticker based games to generate several million in gross revenues and over a million dollars in profits for 2013. We are very excited about the debut of the first game this month."
About NanoTech Entertainment
Headquartered in San Jose, CA, with US operations in NV, MA, along with India and China, NanoTech Entertainment is a global technology company that focuses on all aspects of the entertainment industry. With three business units, focusing on Gaming, Media & IPTV and Mobile Apps, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
NanoTech Entertainment (OTCPINK: NTEK) trades on OTC Pink, the open marketplace for a wide spectrum of equity securities. Investors can find real-time quotes and market information at www.otcmarkets.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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